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Architectural economics? The answer lies in the soil . . .

Marco Goldschmied laid bare the underlying resource of architecture in the annual lecture of the Faculty of Economic Science, held recently at the RIBA. The hidden resource is land rather than buildings; it is land that makes money. The Rogers partner declared an interest in the philosophy of Henry George, and the 'pernicious burden' represented by the taxman in relation to land and land values.

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